First Time Home Buyer Loan California

A conventional loan is a traditional home loan offered through banks and credit unions.

First time home buyer loan california. The calhfa conventional loan is a 30 year loan term which means you ll make payments on your loan for a total of 30 years. California first time home buyer loans. Below are some mortgage programs that are available to first time home buyers. The california housing finance agency was established in 1975 to help low and moderate income californians get safe and affordable housing calhfa s programs are particularly helpful to home buyers looking for real estate in los angeles or san francisco cities where housing affordability is lowest in the state.

Here s an overview of calhfa programs that can help you purchase your first home. Conventional loans conventional loans offer the best loan terms to borrowers with good or excellent credit as well as those who can afford to place a larger down payment. In california you re considered a first time homebuyer if you haven t owned and occupied a home in three years. That s why the california housing finance agency or calhfa offers several loan programs to help qualified first time home buyers.

First time homebuyer programs in california. The california housing finance agency calhfa offers a variety of loan programs to help homebuyers and first time homebuyers purchase a home in california.